The integrated drive systems market is expected to grow from USD 23.89 Billion in 2015 to USD 38.27 Billion by 2022, at a CAGR of 6.80% between 2016 and 2022. This report provides the market size and future growth potential of the drive systems market across different segments such as offering, communication protocol, industry, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in the market. The advancement and rapid growth in automation is expected to propel the growth of the market. The base year considered for the study is 2015 and the market size forecast is provided for the period between 2016 and 2022.

The research methodology used to estimate and forecast the integrated drive systems market begins with capturing data on key vendor revenues through secondary research. Some of the secondary sources include associations such as Motion Control Association, Association for Advancing Automation, and Automation Industry Association. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the size of the global drive systems market from the revenue of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primary respondents is depicted in the below figure.

The integrated drive systems market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The market has been segmented as follows:

By Offering

Hardware

Converters

Motors

Geared Motors

Couplings

Gear Units

Others

Software

Services

By Communication Protocol

Fieldbus

Industrial Ethernet

Wireless

By Industry

Automotive and Transportation

Food and Beverages

Chemical

Oil and Gas

Pulp and Paper

Pharmaceutical

Machine Building

Water and Wastewater Management

Others

By Geography

North America

Europe

APAC

RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report.

Application Analysis

Market numbers for various subsegments of application can be given in the customization.

Company Information

Detailed analysis and profiling of additional market players

According to MarketsandMarkets’ forecast, the integrated drive systems market, in terms of value, is expected to grow from USD 23.89 Billion in 2015 to USD 38.27 Billion by 2022, at a CAGR of 6.80% between 2016 and 2022. The major drivers for the market include the advancement and rapid growth in automation, increasing adoption of energy-efficient international standards and integrated drive systems, increased focus on efficiency and reducing production cost, and regulations on energy efficiency.

This report covers the integrated drive systems market based on offering, industry, communication protocol, and geography. The automotive and transportation industry is expected to hold the largest share of the drive systems market during the forecast period. The market for water and wastewater management industry is expected to grow at the highest rate during the forecast period.

The automotive and transportation industry held the largest size of the integrated drive systems market in 2015. Rapid changes in terms of manufacturing technology, innovation, and technical advancements in the automotive industry are expected to drive the market for integrated drive systems. There is a high demand for integrated drive systems across the globe as they help enhance the efficiency of production and manufacturing facilities in the automotive industry.

The market for software is expected to grow at the highest rate between 2016 and 2022. Software is used for various purposes in drive systems such as motion controlling and networking. The increasing demand for networking software is expected to drive the market for software during the forecast period.

The market for wireless communication protocol is expected to grow at the highest rate between 2016 and 2022. The number of wireless connections in drive systems has increased considerably over the past few years as a result of improved network coverage, quality of transmission, and bandwidth capacity. Advancements in wireless communication technologies, especially WHART, cellular, and WLAN, are helping manufacturing industries to remotely monitor their assets from anywhere in the world. High speed and ease of installation of wireless networks are making them popular as they can be deployed in drive systems even in extreme environments.

APAC held the largest share of the integrated drive systems market in 2015 owing to the high demand for faster and accurate motors and drives to achieve higher production output. Massive investment in the manufacturing industry is driving the growth of the market in the region. The market in APAC is expected to grow at the highest rate during the forecast period.

The major challenges for the companies in the market are lack of skilled workforce and trained workers and lack of standardization of equipment. The major vendors in the drive systems market include Siemens AG (Germany), Schneider Electric (France), Rockwell Automation, Inc. (U.S.), ABB Ltd. (U.S.), and Emerson Electric Co. (U.S.). These players adopted various strategies such as new product developments, mergers, partnerships, collaborations, and expansions to cater to the needs of customers.

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Figure 1 Integrated Drive Systems Market: SegmentationFigure 2 Market: Research DesignFigure 3 Research FlowFigure 4 Market Size Estimation Methodology: Bottom-Up ApproachFigure 5 Market Size Estimation Methodology: Top-Down ApproachFigure 6 Data TriangulationFigure 7 Market for Services Segment Expected to Grow at the Highest Rate During the Forecast PeriodFigure 8 Market for Water & Wastewater Management Industry Expected to Grow at the Highest Rate During the Forecast PeriodFigure 9 Fieldbus Communication Protocol Expected to Hold A Major Share of the Market During the Forecast PeriodFigure 10 Automotive & Transportation Industry—A Major Consumer of Drive Systems in APACFigure 11 Advancement and Rapid Growth in the Automation Market Expected to Create Huge Opportunities for the MarketFigure 12 China Held the Largest Share of the Market in APAC in 2015Figure 13 Market for Services Segment Expected to Grow at the Highest Rate Between 2016 and 2022Figure 14 China Held the Largest Share of the Market in 2015Figure 15 Automotive & Transportation Industry Held the Largest Size of the Integrated Drive Systems Market in 2015Figure 16 Market, By GeographyFigure 17 Drivers, Restraints, Opportunities, Challenges for the MarketFigure 18 Industrial Control and Factory Automation Market, 2013–2020 (USD Billion)Figure 19 Smart Factory Market, 2013–2022 (USD Billion)Figure 20 Global Crude Oil Prices, 2005–2015 (USD Per Barrel)Figure 21 Value Chain Analysis (2015): MarketFigure 22 Porter’s Five Forces Analysis (2015)Figure 23 Market: Porter’s Five Forces Analysis, 2015Figure 24 High Impact of the Intensity of Competitive Rivalry on the Integrated Drive Systems MarketFigure 25 Low Impact of the Threat of Substitutes on the MarketFigure 26 High Impact of the Bargaining Power of Buyers on the Integrated Drive Systems MarketFigure 27 Medium Impact of the Bargaining Power of Suppliers on the MarketFigure 28 Medium Impact of the Threat of New Entrants on the Integrated Drive Systems MarketFigure 29 Market, By OfferingFigure 30 Market for Services Expected to Grow at the Highest Rate Between 2016 and 2022Figure 31 Converters Expected to Account for the Largest Share of the Integrated Drive Systems Market for Hardware in 2016Figure 32 Market for Hardware in APAC to Grow at the Highest Rate Between 2016 and 2022Figure 33 Integrated Drive Systems Market, By IndustryFigure 34 Market for Water and Wastewater Management Industry to Grow at the Highest Rate During the Forecast PeriodFigure 35 APAC to Dominate the Market for the Automotive and Transportation Industry in 2016Figure 36 APAC to Dominate the Market for the Food and Beverages Industry in 2016Figure 37 North America to Lead the Integrated Drive Systems Market for the Oil and Gas Industry During the Forecast PeriodFigure 38 APAC to Dominate the Market for the Machine Building Industry Between 2016 and 2022Figure 39 APAC to Dominate the Market for the Water and Wastewater Management Industry During the Forecast PeriodFigure 40 Market, By Communication ProtocolFigure 41 Fieldbus Expected to Hold the Largest Share of the Integrated Drive Systems Market in 2016Figure 42 Fieldbus Communication Protocol, By TypeFigure 43 Industrial Ethernet Communication Protocol, By TypeFigure 44 Wireless Communication Protocol, By TypeFigure 45 Integrated Drive Systems Market, By GeographyFigure 46 Geographic Snapshot of the MarketFigure 47 Snapshot of the IMarket in North AmericaFigure 48 Automotive and Transportation Industry to Hold the Largest Size of the Integrated Drive Systems Market in North America By 2022Figure 49 Market in Mexico to Grow at the Highest Rate Between 2016 and 2022Figure 50 Snapshot of the Market in EuropeFigure 51 Germany Expected to Hold the Largest Size of the Integrated Drive Systems Market By 2022Figure 52 Snapshot of the Market in APACFigure 53 China to Hold the Largest Size of the Market in APAC By 2022Figure 54 Paper and Pulp Industry to Hold the Largest Size of the Integrated Drive Systems Market in RoW in 2016Figure 55 New Product Launches and Product Developments are the Key Strategies Adopted By the Key Players Between 2013 and 2016Figure 56 Market Evaluation FrameworkFigure 57 Battle for Market Share: New Product Launches and Product Developments as the Key StrategiesFigure 58 Geographic Revenue Mix of Major Market PlayersFigure 59 Siemens AG: Company SnapshotFigure 60 Siemens AG: SWOT AnalysisFigure 61 Schneider Electric: Company SnapshotFigure 62 Schneider Electric: SWOT AnalysisFigure 63 Rockwell Automation, Inc.: Company SnapshotFigure 64 Rockwell Automation.: SWOT AnalysisFigure 65 ABB Ltd.: Company SnapshotFigure 66 ABB Ltd.: SWOT AnalysisFigure 67 Emersion Electric Co.: Company SnapshotFigure 68 Emerson Electric Co.: SWOT AnalysisFigure 69 Yaskawa Electric Corporation: Company SnapshotFigure 70 Mitsubishi Electric Corporation: Company Snapshot

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